CaringHouse Projects Inc (EIN 222464198) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

Brian P Curran

Phone

6094847050

Tax Period

2024-04-01 to 2025-03-31

CaringHouse Projects Inc, founded in 1983, is a mid-sized nonprofit that reported $62.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $56.1M left a modest 11% surplus.

Mission

CaringHouse Projects, Inc. is a Christian based organization serving the frail, impaired aged and disabled, young adults.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,019

Program Service Revenue $62,485,224

Investment Income $309,928

Other Revenue $0

TOTAL REVENUE $62,829,171

Expense Breakdown

Grants Paid $496,635

Salaries & Benefits $49,120,140

Fundraising Expenses $0

Program Expenses $50,932,942

Other Expenses $6,530,728

TOTAL EXPENSES $56,147,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,829,171	$54,572,882	+0.2%
Expenses	$56,147,503	$46,133,672	+0.2%
Net Income	$6,681,668	$8,439,210	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1011

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,458,173

Total Directors

Key Employees

$441,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Darcy	Board Chair	0.50	Officer Director	$0	$0	$0
Bob Conover	Board Vice Chair	0.50	Officer Director	$0	$0	$0
N Lynne Hughes Esq	Board Secretary	0.50	Officer Director	$0	$0	$0
Laura Campbell	Board Member	0.50	Director	$0	$0	$0
Anthony Harris	Board Member	0.50	Director	$0	$0	$0
Lou Blumberg	Board Member	0.50	Director	$0	$0	$0
Joseph Dougherty Esq	Exec Director Operations	33.80	Officer	$0	$187,113	$773,633
Brian P Curran	Exec Director Finance	33.80	Officer	$0	$154,110	$684,540
Naomi Miller	Project Director	45.00	Key Emp	$338,540	$102,638	$441,178
Gwenetta Townsel	Employee	40.00	Highest	$284,883	$39,278	$324,161
Fannie Smith	Employee	40.00	Highest	$242,271	$36,340	$278,611
Benjamin Ballesteros	Employee	40.00	Highest	$229,658	$16,076	$245,734
Micheline Morisseau-Beaufils	Employee	40.00	Highest	$208,803	$33,952	$242,755
Joseph Dumas	Employee	40.00	Highest	$163,016	$20,036	$183,052

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$62,829,171	$56,147,503	$56,317,375	$6,681,668
2024	$54,572,882	$46,133,672	$49,325,990	$8,439,210
2023	$48,059,034	$43,672,948	$40,639,794	$4,386,086
2022	$47,839,367	$38,206,931	$35,651,045	$9,632,436
2021	$45,941,026	$34,793,039	$25,850,467	$11,147,987
2020	$35,602,625	$30,714,290	$14,397,844	$4,888,335
2019	$32,956,043	$28,724,963	$10,552,573	$4,231,080
2018	$28,005,215	$27,230,845	$6,870,749	$774,370

CaringHouse Projects Inc